3i receives proceeds of £20m from sale of shares in Eltel
3i Group plc (“3i”) announces that 3i, and funds managed by 3i, have sold 4.8m shares in Eltel AB (“Eltel”)
3i Group plc (“3i”) announces that 3i, and funds managed by 3i, have sold 4.8m shares in Eltel AB (“Eltel”), a leading European provider of technical services to the Infranet industry.
As part of this transaction, 3i and funds managed by 3i sold their remaining 7.6% stake and generated proceeds of £36m. Proceeds to 3i were £20m.
Eltel listed on the Stockholm Stock Exchange at SEK68 per share in February 2015.
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About 3i Group
3i is a leading international investment manager focused on mid-market Private Equity, Infrastructure and Debt Management. Our core investment markets are northern Europe and North America. For further information, please visit www.3i.com.
This transaction involved a recommendation of 3i Investments plc, advised by 3i Sweden.